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Forex

US Dollar Plummets to 155 Yen Amid Japan-US Joint Intervention

Guavy AI Editorial Team
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USD JPY
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The US dollar has fallen sharply against the yen in Monday's trade, touching 155.20 yen at one point.

This comes after Japan and the United States admitted to coordinated yen purchases last weekend, which is seen as a joint market intervention.

Foreign exchange intervention involves buying or selling currencies to stabilize sharp exchange rate movements.

The US dollar has weakened by over 8 yen in the past week, reaching its weakest point since May.

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